NO it will not be 5.00 this month it goes up big in August when the deals that they got get cashed in starts in August 3.5 weeks away
Both Solar Installer that gave me Turnkey estimates have installed and are very familiar with Yingli modules. The one I signed the contract with, after not being able to get the Yingli panels for me, after the last 50 were sold just minutes before was the one who said no estimate (though I am on 1st priority) when he could get any Yingli modules for me. He said because of tariffs Yingli stop selling to countries imposing tariffs. Imho understandable with FIFA World cup Ads, the whole world is Yingli potential customers, and the 30+% tariff are pure additional profit vs. wasted paying for tariff. I also read somewhere where after Dubai consideratiion, Yingli is opening an office in Riyadh, Saudi Arabia (Saudi capital, and only about 4-5 hours drive from Dhahran, Saudi Aramco headquarters). Seems like new activities in promising wealthy markets worldwide, imho.
Don´t look at it as positive news that you can not find Yingli modules. It can be that there is not enough demand for their modules in USA or any other reason ...
YG11 may be an indicator to monitor for any impact, or not, from this update/news. Was trading at 2.62 Euros last session.
While Google, Apple, Samsung demonstrate that litigation is a part of doing business globally, such cases for Yingli have the potential for delaying their return to profitability and returning investor confidence. In part:
"According to information from the business week, Christopher Seagon, insolvency of the German company SIC Processing, so now filed an action for damages before the Regional Court of Amberg. The court of Business Week acknowledged receipt of the complaint"
"Investors who have borrowed SIC 87 million euros, but may hope. According to the insider Seagon aims to generate up to 24 million by the Yingli action.
The action must be the Chinese yet been served. "Therefore, we unfortunately can not comment on content," it said in Yingli."
Such positive deals need to be reported more often. Growth not only in China, but whole world (GCC states, Japan, South East Asia, India, and South America, esp. futbol fans everywhere, with World Cup). With Solar at or even better than Grid Parity in many places of the world, Yingli (to futbal fans synonymous with Solar) will sell all it can produce in no time. In US I can't even buy Yingli modules for my Rooftop Solar, my Solar Installer do not have any estimate when these panels will available again. Short supply already imho.
Another investor shared this news with the following line:
"Hubei newspaper reports Laohekou (City) and Yingli Solar signed a RMB 1b (161m USD) deal (6/29/14)"
Growth for deals in China in the months, years ahead is undeniable . . .
thanks for the heads up eoy china update. its funny i sold RGSE on tuesday and on Thursday they did an offering at 2.40 previous close was 2.90. it dropped 15% in PM. that would of been an buying time but who knows i was in HK during the 5.15 offering and the stock just continued downward. i held and bought more to ave down its currently at 7.30 with a nice short interest. I sold the 3k alot around 6 from 4.12 and still hold 3k at 6.65 from last year.
Sentiment: Strong Buy
Yeah, it seems the $3.50 level (below) would be similar to the $4.00 level for dates in July. I no longer have a position in SOL and never did in RGSE but will check it out. Hopefully, you can hold until December or thereabouts for eoy profit taking and keep house shares for 2015. Should be an interesting 2H of 2014 what with the CPIA, China targets etc.
Interesting developments for certain; how long does a shareholder need to retain the shares of AWRE to avoid any penalty?